Do not chase stocks
Commodities are soaring. Interest rates are falling. Stocks can’t get out of their own way. All of this is occurring while the first war in decades continues to rage in Ukraine. Seems to me that any gains in the market averages next week will remain dead cat bounces in this bear market. Yes, I hate…
By Bill Schmick
March 4, 2022
Investors should take a deep breath
The war drums are beating. Oil and gas prices are soaring. Inflation is at a decades-long high. Bearish sentiment is exploding. And the stock market is giving investors angina. What to do? Take a deep breath and remember that whatever the circumstances, this too shall pass. I know that is easy to say, but a…
By Bill Schmick
February 24, 2022
U.S. shale producers can’t rescue us
Oil prices are up 70% since last year. Prices at the pump are well over $4.25/gallon. Everyone from President Biden on down is scrambling to find a way to reduce energy prices. Why, therefore, aren’t we looking at our own domestic oil producers? Unlike Saudi Arabia or the United Arab Emirates, which can increase the…
By Bill Schmick
March 24, 2022